Earlier this year, Yahoo made a surprising announcement: Dan Loeb was stepping down from the company's board, and Yahoo was buying 40 million of its shares from his hedge fund. Loeb, more than any other person, is responsible for the rejuvenation of Yahoo. He got Scott Thompson fired, and Marissa Mayer hired as CEO. At the time, it looked like Loeb was just cashing in and leaving. His firm earned $1 billion on the sale of its Yahoo stock, which is an excellent haul for a little over a year's...
Earlier this year, Yahoo made a surprising announcement: Dan Loeb was stepping down from the company's board, and Yahoo was buying 40 million of its shares from his hedge fund. Loeb, more than any other person, is responsible for the rejuvenation of Yahoo. He got Scott Thompson fired, and Marissa Mayer hired as CEO. At the time, it looked like Loeb was just cashing in and leaving. His firm earned $1 billion on the sale of its Yahoo stock, which is an excellent haul for a little over a year's...
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